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Citadel’s Data Open showcases innovative recruitment approach

Meritocracy, innovation, and collaboration

By HAMLIN LOVELL

Citadel’s inaugural ‘Data Open’ datathon series – a data analysis marathon comprised of regional ‘Data Opens’, culminating in the ‘Data Open Championship’ held in November 2017 at the New York Stock Exchange – was “a fantastic first year and a huge success.We have met exceptional candidates and already made dozens of job offers. The Data Open has more than delivered on its aims of hiring the most talented data science and STEM students,” says Citadel’s Head of Talent Strategy, Justin Pinchback.

Founded in 1990, Citadel is one of the world’s oldest and most successful hedge fund firms. The multi-strategy firm manages over USD 27 billion in capital for a variety of partners, including corporate pensions, endowments, foundations, public institutions, and sovereign wealth funds.

US and global roll out

The ground-breaking talent discovery and assessment programme drew students from roughly twenty top-tier universities in the US, Canada, UK and Ireland. The concept is now being rolled out in additional cities across the US and globally. In 2018, Citadel will be reaching out to a wider group of US universities, and adding some in continental Europe and Asia, including top institutions in France, Switzerland and China. “Talent has no borders. We want the best intellectual athletes and we are relentless in pursuit of that talent,” enthuses Pinchback, who previously worked at Bridgewater, Bain, Goldman Sachs and Moody’s. In 2017, all datathons were conducted in English, but Citadel, which has a long history of hiring talented people from around the world, expects local languages, such as Mandarin in China, or French in France, may be used in 2018.

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